Employers’ Year End Reporting 2024

Reporting the numerous sets of employee data that HMRC requires after the end of the tax year is a major task for all employers to manage.

Making sure you have accurate data in place ahead of multiple deadlines can be a challenge, and if you fall behind, or submit inaccurate reporting, you may suffer penalties from HMRC.

Important reporting deadlines that all employers should be aware of:

  • Gender Pay Gap Reporting Deadline: 4 April 2024
  • Short-term Business Visitors Reporting Deadline: 31 May 2024
  • P11D Reporting Deadline: 6th July 2024
  • Employee Share Plan Reporting Deadline: 6th July 2024

The complexities of these reporting elements will vary according to your business, and some reports are much more labour-intensive than others. 

We have pulled together everything you need to know for each of these four reporting requirements, with tips, guides and software to help you streamline your reporting processes.

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Need help with your reporting?

Find out how we can help you deliver accurate and timely reporting for any of your business’ year end obligations. Get in touch with our specialist team, who will be happy to discuss your requirements.
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On Top of Tax: A UK Compliance Webinar - Employer's Year End Reporting

If you would like to hear more about the challenges you might face with your year end reporting, factors you need to be aware of and how we can help, register for our webinar.
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Gender Pay Gap Reporting

Gender Pay regulations now require private sector employers with more than 250 employees to publicly report a range of gender pay information by 4 April every year. You can find a comprehensive guide to Gender Pay Gap Reporting, as well as tips on Ethnicity Pay Reporting below.

Ethnicity pay gap reporting is not mandatory for employers, but your business should consider the benefits of ethnicity pay reporting, which can build towards far greater transparency as part of your ESG journey. Find out about the opportunities and challenges posed by Ethnicity Pay Reporting.

Short Term Business Visitors

Our  specialists can assist you in determining your obligations under the Short-Term Business Visitor rules, review your traveller population, make the necessary applications and prepare the required annual reporting.

After a long period with little to no business travel, businesses should revisit their reporting obligations to ensure compliance.

Find out more here

P11D reporting

Employers must report annually for each member of staff (including directors) that receive certain benefits and expenses that are considered taxable by HMRC. Employers can choose to pay the tax and NIC due on these benefits for their employees through a PAYE settlement agreement (PSA) or report the benefits on a form P11d so that employees pay. The list of benefits is long, and working out the value of certain benefits like company cars and vans can be challenging. There may also be some benefits for which We have produced a whole range of guidance on various aspects of P11D reporting and PSAs – find out more below.

What benefits should you be reporting? How do you handle trivial benefits paid to your staff, or the use of company assets by directors or employees? Find top tips and guides on P11D reporting here

Recording and tracking car and van benefits are the main challenges when it comes to P11D reporting – check the latest guidance here.

While payrolling benefits can save on year-end administration, you will need to file a P11D(b) – but be aware, there are exceptions to what can be payrolled. Find out more here

Our P11D software allows you to collect all the data you need, produce individual employee reports, and, most importantly file online, direct to HMRC. The software is easy to use and is trusted by the majority of the top 20 accountancy firms. Find out how our P11D software can streamline your reporting.  

A PAYE Settlement Agreement (PSA) enables employers to make a single annual payment to HMRC to settle all income tax and NIC due on certain expenses and benefits provided to employees. It can significantly reduce administration, help with compliance, and mitigate the risk of reducing the intended motivation of employees when they may otherwise see a tax liability. Should you have a PSA

Share Plan Reporting

If you operate a share plan or there has been any type of equity transaction, involving UK employees or directors you will almost certainly have to submit a return to HMRC. The annual deadline to submit a return to report all transactions in Employment Related Securities (ERS), also known as Share Plan Reporting is by 6 July.

If you operate a share plan, or there has been any type of equity transaction, involving UK employees or directors, you will almost certainly have to submit a return to HMRC by 6 July to report all transactions in Employment Related Securities (ERS), also known as Share Plan Reporting. 

Find out more here

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